Risk assessment of international construction projects using the analytic network process

Date

2009-07-01

Author

Bu-Qammaz, Amani Suliman
Dikmen Toker, İrem
Birgönül, Mustafa Talat

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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In this study, an analytic network process (ANP), which can handle the interrelations between risk related factors, is proposed as a reliable technique for measuring the level of risk associated with international construction projects. Within this context, ANP is used to derive the relative priorities of risk factors as an input to a decision support tool, which can be utilized during bidding decisions. The decision support tool may help a decision maker to estimate the level of risk so that alternative projects may be ranked with respect to their risk levels and appropriate contingency values may be defined after a bid decision is given. The tool has a database in which risk information of the rated projects can be stored for future use. The reliability of the tool was tested on eight real cases and satisfactory results were achieved in estimating the risk level.

Subject Keywords

Civil and Structural Engineering, General Environmental Science

URI

https://hdl.handle.net/11511/40458

Journal

CANADIAN JOURNAL OF CIVIL ENGINEERING

DOI

https://doi.org/10.1139/l09-061

Collections

Department of Civil Engineering, Article

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Citation Formats

A. S. Bu-Qammaz, İ. Dikmen Toker, and M. T. Birgönül, “Risk assessment of international construction projects using the analytic network process,” CANADIAN JOURNAL OF CIVIL ENGINEERING, pp. 1170–1181, 2009, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/40458.